2) Your company is considering investing $350,000 in surface land rights and $600,000 ina steel warehouse building with both costs incurred at time zero. Manufacturing equipment costing $400,000 would be installed at time zero to generate carwash units to be delivered across the country. Spare parts and product inventory are estimated at $500,000 also at time zero. Depreciate the building starting in year 1 by the straight-line method over 39 years. The equipment is depreciated using 5-year double declining rate staring in year 1, while the land and working capital expenditures will be written off with all other remaining book values against the sale of the business at the end of year 5 Product sale in each of years 1-5 are estimated to be $4,500,000 per year with cost of goods sold estimated at $2,500,000 per year. Sales and operating expenses are forecasted to remain uniform over the project life. Your company uses an after-tax minimum rate of return of 15%. The effective state and federal income tax rate is 40% and other income is thought to exists against which to use all deductions a. Use NPV analysis to determine if this business venture should be undertaken b. When does the project achieve payback